Rent to own Homes in Taylor, MI
Taylor is a quiet suburban community southwest of Detroit on the Canadian border. The small town is home to a number of celebrities including Braves pitcher Steve Avery, rapper Joe C. and hockey player Wayne Presley. Despite its northern location, a large number of the residents have Southern origins earning the city the nickname 'Taylortucky.' Community is important here. Heritage Park has baseball diamonds, soccer fields, historic buildings, picnic tables, pavilions, grills and a fishing pond. In other words, everything you need all in one place!
Taylor, MI is a great place for affordable rent-to-own homes! With a median household income of over $52,872 and a median rent of $877, the Taylor, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Taylor, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Taylor, MI Property Resources
Rent to own Homes in Cities Near Taylor, MI
- Allen Park
- Auburn Hills
- Berkley
- Bingham Farms
- Birmingham
- Bloomfield Hills
- Carleton
- Center Line
- Clawson
- Commerce Township
- Dearborn
- Dearborn Heights
- Detroit
- Eastpointe
- Estral Beach
- Farmington
- Ferndale
- Franklin
- Garden City
- Gibraltar
- Grosse Ile
- Grosse Pointe Park
- Hamtramck
- Hazel Park
- Highland Park
- Huntington Woods
- Keego Harbor
- Lathrup Village
- Lincoln Park
- Melvindale
- New Boston
- Newport
- Orchard Lake Village
- Pleasant Ridge
- Pontiac
- Redford
- Riverview
- Rochester Hills
- Romulus
- Southfield
- Sterling Heights
- Stony Point
- Sylvan Lake
- Taylor
- Troy
- Walled Lake
- Warren
- Wayne
- Woodhaven
- Woodland Beach
Neighborhoods in Taylor, MI
No neighborhoods foundPopular Zip Codes in Taylor, MI
48180 rent to own homesBuying a Home in Taylor, MI
Taylor, MI is seeing rapid growth and Taylor, MI's' housing market remains optimal with an average home price that is -50% below the 2024 national average. Taylor, MI is part of Wayne county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Wayne is 2.07% which is above the national average, which is 0.99%.
Median Home Price in Taylor, MI
Median Rent in Taylor, MI
Top Reasons to Live in Taylor MI
Housing Statistics Real estate in Taylor is a lot easier to come by than in other parts of the state. Prices are well below the national average. In Taylor, the median home sale price is $52,250, which is actually a good deal below the average home sale price of $70,176. Sixty-two percent of homes are owned, while just over seven percent are vacant and thirty percent are rented. This means whether you're looking for one bedroom rentals, rent to own, or single family homes to buy, you're likely to find a good fit with little effort. Taylor is a small community. People who move here tend to stay. With an annual turnover of just eight percent, you can find a good home, and chances are your neighbors when you move in will be your neighbors for some time.
School Systems The Taylor school district includes nine elementary schools and 7 middle to high schools. This district serves the greater Detroit area in Wayne County. The district also serves nearby communities of Dearborn and Westlake. Schools typically rank in the higher percent of the state, and Taylor stands poised to be a leader in the region for the future of education. Taylor has the fifth largest student population in Wayne County. The district has enacted a curriculum that is active and progressive, reviewing the latest offerings regularly and evaluating their effectiveness against a set of core values.
Transportation The majority of residents own their own vehicles. This is a great idea given the suburban atmosphere of the town. Unless you are downtown, most businesses are not necessarily very close to each other. You may find yourself crossing the city several times to do one day's errands. The SMART transit system does maintain a bus line that visits most of the surrounding areas including Trenton and Wyandott. It's important to remember that winters in Taylor are going to be cold with heavy snowfall typically. You will want to make sure your vehicle is set up to function in that kind of weather.
The Great Outdoors The proximity to Lake Michigan makes outdoor activity a necessity for locals. Residents will typically spend summer months on the banks of Lake Michigan, swimming, grilling, and camping under the stars. Heritage Park hosts a number of special days throughout the year which include petting zoos for the kids and other entertainment. In winter, ice skating at the Taylor Sportsplex is popular, and hockey and ice skating lessons are available there. Sledding at the Boardman Park Sledding Hill is also popular with locals.
Local Eats Taylor has some great resturants, including Mykonos Coney Island, a popular Greek restaurant to the north of the city. This is the only place you're likely to find authentic saganaki and a Coney Island hot dog under the same roof. Moro, a European inspired fine dining experience, offers an atmosphere of elegance with menu items such as beef Rossini, antipasto renee and veal casalinga, not to mention an extensive wine list. It's the perfect place for a romantic night out.